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Rivers Construction Group Ltd

$1,848,545 PPP Loan in Jessup, Maryland

Loan Details

Loan Number
8984517101
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,848,545
Current Approval
$1,848,545
Forgiveness Amount
$1,864,802
Forgiveness Date
Mar 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rivers Construction Group Ltd
Address
8594 Old Dorsey Run Road
City
Jessup
State
Maryland
ZIP Code
20794
Business Type
Corporation
Industry (NAICS)
Construction (237110)
Business Age
Existing or more than 2 years old
Jobs Reported
142
Estimated Revenue
$44.0M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$1,650,000
Rent
$80,000
Utilities
$20,000
Health Care
$40,000
Debt Interest
$58,545

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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